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Executive discusses stress points on construction insurance rates
1/9/2020

Social inflation is putting pressure on construction insurance rates, resulting in higher settlement values, new concepts of tort and negligence, as well as increasingly liberal treatment of workers' claims, says Ben Beauvais, a construction executive at Liberty Mutual's Global Risk Solutions business. "We're also seeing more complexity in project type and interdependencies, and the labor markets are very tight," Beauvais said.

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